Ethereum (ETH) Rebound Approaching Crucial Resistance

Ethereum price is currently correcting losses after it traded as low as $$153 against the US Dollar.
Bitcoin price is struggling to recover above the $7,500 and $7,600 resistance levels.
This week’s followed bearish trend line is still active with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to face a strong resistance near the $164 and $165 levels in the near term.Ethereum price is slowly rebounding versus the US Dollar, while bitcoin is